Textron Aviation has been awarded a contract by Air Archipels of Tahiti (French Polynesia) for one Beechcraft King Air 260 and one cargo door-equipped King Air 260C aircraft. The aircraft are planned to be delivered to Air Archipels in the second half of 2021. Air Archipels currently operates a fleet of Beechcraft Super King Air […]
Air Archipels orders cargo door-equipped Beechcraft King Air 260C Read More »
Dubai Aerospace Enterprise (DAE) had delivered a notice of early redemption (the Redemption Notice) to the holders of the Company’s US$500 million 5.75% Senior Notes due 2023. The redemption date is scheduled for March 1, 2021. The outstanding principal amount as of the date of the Redemption Notice was approximately US$456.1 million. The Notes will
DAE announces early redemption of US$500 million 5.75% Senior Notes Read More »
Bombardier has confirmed the closing of the previously announced sale of its transportation business to Alstom. Total proceeds to the vendors after the deduction of debt-like items and transferred liabilities are US$6.0 billion. After deducting la Caisse de dépôt et placement du Québec equity position of US$2.5 billion, transaction costs, and including the impact from closing adjustments and
SIA Engineering Group has recorded revenue of SG$104.6 million for the third quarter of full-year 2020-21, SG$147.5 million lower year-on-year (-58.5%). Even as cost-cutting measures and grants from government support schemes remained, the reduction in Group expenditure of SG$132.5 million (-56.1%) could not fully offset the reduction in revenue. Consequently, the Group recorded a lower
SIA Engineering Group records third-quarter FY 2020/21 net profit of SG$7.7 million Read More »
Lilium, an aviation company developing an all-electric, vertical take-off and landing (eVTOL) jet aircraft, and Ferrovial, a global leading infrastructure operator, have signed a framework agreement for the creation of a minimum ten-vertiport network covering locations across Florida. Vertiports provide infrastructure for landing and taking off with passengers, plus recharging as part of an alternative,
Southwest Airlines’ fourth-quarter 2020 total operating revenues decreased 64.9%, year-over-year, to US$2.0 billion, as a result of continued negative impacts on passenger demand and bookings due to the pandemic. Fourth-quarter 2020 operating revenue per ASM (RASM, or unit revenues) was 8.48 cents, a decrease of 40.8%, primarily driven by a load factor decline of 29.3
Southwest Airlines ends 2020 with net loss of US$3.1 billion Read More »
Satair and Honeywell Aerospace have signed a multi-year commercial agreement covering the exclusive worldwide distribution for mechanical and air thermal components for use on Airbus A320, A330, A340, and A380 aircraft. Additionally, the distribution agreement covers the A350 platform on a non-exclusive basis. This new agreement expands upon a long-standing and successful business relationship between
Rex shareholders have endorsed the airline’s investment deal with PAG to fund its domestic operations, starting on March 1. Shareholders voted to approve the deal at Rex’s Annual General Meeting on January 29. Under the deal, PAG Regulus Holdings will fund up to AU$150 million to be used exclusively to support the launch and operation
Rex shareholders endorse PAG investment deal Read More »
Air Peace, Nigeria and West Africa’s largest airline, took delivery of its first Embraer E195-E2 aircraft on January 27. The aircraft is now due to fly from Embraer’s facility in São José dos Campos to join the Air Peace fleet in Nigeria. Air Peace is the launch customer in Africa for the E2 aircraft and
Air Peace takes delivery of first Embraer E2 jet Read More »
The U.K. government has taken the decision to ban travel to the U.K. from the United Arab Emirates (UAE), Burundi and Rwanda to prevent the spread of the new coronavirus variant originally identified in South Africa into the U.K. From 1pm on Friday January 29, passengers who have been in, or transited through, the United
U.K. travel bans extended as United Arab Emirates, Burundi and Rwanda added to red list Read More »
